Guyana Awards G$1.65 Billion Coastal Buoy Tender Vessel Contract to Dax Contracting

Introduction

Guyana’s Maritime Administration Department has awarded a major government contract for the procurement and delivery of a new-built coastal buoy tender vessel, strengthening the country’s maritime safety and navigational infrastructure. The contract, valued at G$1.656 billion, was awarded to Dax Contracting on 29 May 2025 and published on 30 June 2025.

Contract Details

• Contract ID - 32/2025/31

• Procurement method: NCB - National Competitive Bidding

• Contract value - G$1,656,000,000

• Scope - Procurement and delivery of one new-built buoy tender vessel (coastal)

• Procuring entity - Maritime Administration Department

• Number of bids received - 5

The vessel will be purpose-built to support the maintenance and deployment of navigational buoys along Guyana’s coastal and riverine routes-critical corridors for trade, offshore energy logistics, and domestic transport.

Entities Involved

Dax Contracting emerged as the successful bidder after a competitive NCB process that attracted five proposals, underscoring strong market interest in Guyana’s expanding maritime procurement pipeline. The Maritime Administration Department oversaw the tender in line with national procurement regulations.

Significance of the Contract

This awarded tender carries strategic importance for Guyana’s maritime safety and port operations. A modern buoy tender vessel enhances the reliability of aids to navigation, reduces downtime for buoy maintenance, and improves response capacity in coastal waters. The investment aligns with rising maritime traffic linked to offshore oil and gas activity and broader trade growth.

Economically, the contract supports local industry participation through national competitive bidding and contributes to skills development in marine construction and vessel delivery.

Background on the Winning Company

Dax Contracting has been active in delivering infrastructure and specialized projects across Guyana. Securing this high-value marine contract positions the firm as a key player in public-sector maritime works and reinforces confidence in domestic contractors for complex vessel procurement.

Conclusion

With the award now confirmed, the next steps will include detailed design finalization, construction milestones, sea trials, and delivery. The project highlights the momentum in Guyana procurement news, showcasing how awarded tenders and government contracts are modernizing critical transport and safety infrastructure.

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